JPMorgan, major US banks exit Net Zero Banking Alliance
Several large US banks are withdrawing from the climate-focused Net Zero Banking Alliance, signaling a retreat from coordinated ESG commitments.
cryptobriefing.com · +14 outlets
US July deficit explodes to $432.3B on Medicare and interest costs
The US federal deficit widened sharply in July, driven by higher Medicare spending and rising interest costs.
finance.biggo.com
Goldman Sachs to buy ETF provider NEOS for up to $2.25B
Goldman Sachs continues expanding its ETF business, marking its second multibillion-dollar ETF acquisition in nine months.
Banking Dive · +14 outlets
eToro agrees to buy TradeZero for $231M to boost US profile
The Israeli trading platform aims to expand its US presence by acquiring TradeZero's engaged user base.
Banking Dive · +3 outlets
Bank of America pledges $250B toward US infrastructure
BofA commits to lending, investing and advising on data centers, power generation and transportation projects.
Banking Dive · +14 outlets
Goldman Sachs, BNY launch tokenized access to $7.1 trillion money market industry
The banks are enabling tokenized access to money market funds, bringing blockchain technology to short-term cash management.
Yellow.com · +1 outlets
ABN Amro beats Q2 profit expectations, raises net interest income guidance
The Dutch bank posted stronger-than-expected earnings and upgraded its outlook on net interest income amid solid growth.
Global Banking & Finance Review · +8 outlets
Illinois' HBT to buy Tri-County Financial for $204.6M
The deal would expand HBT's footprint to over 100 branches and push its assets past $8 billion.
Banking Dive · +3 outlets
Wells Fargo files WFUSD trademark for crypto services
Wells Fargo is signaling interest in digital currency services by trademarking WFUSD.
CoinMarketCap · +8 outlets
Louisiana bank First Guaranty faces FDIC consent order over credit quality
Regulators restricted the bank's ability to extend credit and ordered it to boost its Tier 1 leverage capital ratio.
Banking Dive · +3 outlets
BofA, Wells Fargo say Nvidia valuation 'significantly depressed'
Analysts from BofA and Wells Fargo argue Nvidia's stock is undervalued given its expanding AI opportunity.
TradingView · +4 outlets
Desjardins posts $1.2B in Q2 earnings
The Canadian financial cooperative reported its quarterly results.
Investment Executive · +1 outlets
Hong Kong insurer stocks fall on China's 20% tax
A new Chinese tax levy weighed on Hong Kong-listed insurance company shares.
Growth Dragons · +14 outlets
Singapore banks face flat interest income; DBS, OCBC hit new highs
Singapore's Big 3 banks reported mixed Q2 results with flat net interest income outlook but DBS and OCBC shares reaching record levels.
Singapore Business Review · +3 outlets
Wells Fargo urges hedging ahead of July CPI data
The bank warns clients that the upcoming CPI print could trigger a sell-off, recommending hedging strategies.
Bitget · +4 outlets
States sue over OCC rules targeting mortgage escrow laws
A group of states challenges the Office of the Comptroller of the Currency's new rules that preempt state mortgage escrow requirements.
Bloomberg Law News · +10 outlets
Regions Bank names Kate Danella next chief administrative officer
Kate Danella, head of consumer banking, will succeed retiring Dave Keenan as CAO at the Alabama-based lender.
Banking Dive · +12 outlets
Wells Fargo raises Microsoft price target to $700 on AI momentum
Wells Fargo analysts boosted their Microsoft price target, citing strong momentum in artificial intelligence.
finance.biggo.com · +8 outlets